Govt cuts domestic natural gas price for Nov by 6% to $6.55/mBtu
This story was originally published at 11:46 IST on 1 November 2025
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--Government cuts domestic natural gas price to $6.55/mBtu for November
--CONTEXT: Govt had set domestic natural gas price at $6.96/mBtu for Oct
MUMBAI – The government has cut the price of domestically produced natural gas for November by nearly 6% to $6.55 per million British thermal units on a gross calorific value, the oil ministry's Petroleum Planning and Analysis Cell said in a notification Friday. The price of domestically produced natural gas was $6.96 per mBtu in October.
The natural gas produced by Oil and Natural Gas Corp. Ltd. and Oil India Ltd. will be subject to a ceiling of $6.55 per mBtu on a gross calorific value for November, according to the notification.
The Ministry of Petroleum and Natural Gas had in April 2023 amended the New Domestic Natural Gas Pricing Guidelines, 2014, to integrate several recommendations of the Kirit Parikh committee on gas pricing. The revised guidelines mandate domestic natural gas to be priced at 10% of the Indian crude oil basket price and announced on the last day of every month for the following month. End
US$1 = INR 88.77
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by J. Navya Sruthi
Edited by Tanima Banerjee
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